Pakistan records the greatest fall in the risk of breach between emerging markets


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Pakistan has achieved the most steep decrease in the world in the risk of sovereign non -compliance during the past year, which leads to the classification of the global emerging market (EM) of Bloomberg Intelligence to improve the credit risk, according to data published by the Minister of Finance Minister on Saturday.

Bloomberg, the International Financial and Media Firm, has described Pakistan as the most improved economy in terms of reducing the risk of non -compliance.

The report attributes this progress to renew the confidence of investors, macroeconomic stabilization, structural reforms, successful commitment to the International Monetary Fund (IMF), the appropriate refunds of debt and positive credit perspectives of global qualification agencies such as Fitch and S&P.

According to the Bloomberg Research Division, the Pakistan credit non -compliance SWAP (CDS) implied the probability of decreased non -compliance from 59 percent to 47 % in the last 12 months, a drop of 11 percentage points and the highest reduction between emerging markets worldwide.

This improvement exceeds other countries such as Argentina, Tunisia and Nigeria, while some nations, including Egypt, Gabon and Türkiye, have seen their risks increase their risks.

Khurram Shehzad, an advisor to the Minister of Finance, appealed to the social media platform X to highlight the achievement of Pakistan, stating that the country “stands out worldwide as the most improved economy in terms of reduction in the risk of sovereign breach.”

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In addition, he added that this “marks the most acute decrease between the main emerging markets” and accredited factors such as macroeconomic stabilization, structural reforms, the successful commitment of the IMF and the appropriate payments of debt for the positive trend.

“This is a resounding sign for global investors that Pakistan is not only back on the map, but is advancing with stability, credibility and reform in its nucleus,” he said.

Prime Minister Shehbaz Sharif welcomed Bloomberg’s report, expressing satisfaction with the recognition of Pakistan’s economic stability.

“The report recognizes important institutional reforms in several sectors, a successful agreement with the IMF and the appropriate reimbursements of loans, which are definitely evidence of improvement in the economic situation of the government,” he said.

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He added that Pakistan was one of the few countries to show the greatest economic improvement in the last year, according to Bloomberg data, and said the country quickly advanced towards a stronger economic future.

The Prime Minister attributed these profits to the sustained efforts and the dedication of the government’s economic team.



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